DSIJ Mindshare

Thirumalai Chemicals posted subdued results for the quarter ended by Q1FY19. The top-line recorded a steady decline over the previous year.

The company reported weak numbers for Q1FY19 with top-line and bottom-line declined substantially.

Considering the monthly time frame, Mid-cap index has bounced back from near the 50 per cent retracement of the prior upward rally and registered its third consecutive uptick on daily time frame. 15750-15790 will act as major resistance may be for giving bottoming out signal. 17030-17060 will act as trend reversal.

During Q1FY19, the company has opened 12 new screens taking total screen count to 512 in total 64 cities. The company is targeting a screen count of 551 by the end of FY19.

Laminate and allied products saw a jump in revenue by 15.4 per cent. Also, its Medium density fibre board segment shines with a jump in revenue from 0.6 crore to Rs. 69.88 crore.